M&A Deal Summary

First Illinois Acquires Hickory Point Bank And Trust FSB

On January 25, 2011, First Illinois acquired financial services company Hickory Point Bank And Trust FSB from ADM

Acquisition Highlights
  • This is First Illinois’ 1st transaction in the Financial Services sector.
  • This is First Illinois’ 1st transaction in the United States.
  • This is First Illinois’ 1st transaction in Illinois.

M&A Deal Summary
Date 2011-01-25
Target Hickory Point Bank And Trust FSB
Sector Financial Services
Buyer(s) First Illinois
Sellers(s) ADM
Deal Type Divestiture

Target

Hickory Point Bank And Trust FSB

Decatur, Illinois, United States
Hickory Point Bank And Trust, FSB provides banking products and services.The banks offered a wide range of consumer deposit products, including regular checking, checking with interest, budget checking, money market accounts, regular savings, savings club, and IRAs.

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Buyer(S) 1

Buyer

First Illinois

Decatur, Illinois, United States
Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

First Illinois Corporation Provides banking services.The company provides personal and business banking services including checking and saving accounts, credit cards, certificate of deposits.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

ADM

Chicago, Illinois, United States
Category Company
Founded 1902
Sector Agriculture
Employees40,213
Revenue 93.9B USD (2023)
DESCRIPTION
Entrance to ADM's corporate headquarters in downtown Chicago, Illinois.
Entrance to ADM's corporate headquarters in downtown Chicago, Illinois.

ADM is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company also has a global grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. ADM was founded in 1902 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 8
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 8
State (Illinois) 1 of 3
Country (United States) 1 of 7
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 Alimenta

Alpharetta, Georgia, United States

Alimenta (USA), Inc.a privately held company which offers peanut products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 Prairie Pride Soybean Crushing

United States

Prairie Pride Soybean Crushing is a new-generation machinary,which helps to convert soybeans into biodiesel fuel and soy meal.

Buy -
Mergr

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